Finding Perfect Accent Pieces

3 Ways To Invest In Gold

23 March 2015

Howard Jones

There are many ways you can invest your money, and gold is one of them. It may seem like gold is no longer an investment choice, but there are many people making decent money with this strategy. The trick is to diversify and choose multiple investing options, instead of just picking one (such as speaking to a specialists, like Estate Buying Group - Harry H. Solom Co, Inc.). Here are some of the top ways to invest in gold, ranging from jewelry to bullion.

Bullion Bars and Coins

Your first option for investing in gold is with bullion. This is a good starter investment when you don't have a lot of money to invest, or you don't know much about investing in gold. The first type of bullion you can invest in is bars. Bars are essentially a block of gold. They come in different sizes, with each size containing a different amount of gold. The most important thing to pay attention to when investing in bullion is how much purity the gold is that you're buying. This lets you know it is pure gold and will be worth a good amount of money.

There are also bullion coins, which are ideal for small investors. The coins are the same thing as bars, except they are smaller so they cost less to purchase. They are also easier to store, often fitting in a small home safe. The shipping won't be much since the weight is less, and they are fairly easy to find. With both types of bullion, the value will be based on the current rate of gold.

Antique Jewelry

If you don't mind doing a little more research, investing in antique jewelry is a great option. Instead of just being based on the value of gold alone, antique jewelry is also based on the type of jewelry. This is why it takes a little more work looking into your investments, and you might hold onto it for a longer period of time before seeing profit from your investment.

Knowing the dealer you buy the antique jewelry from is one of the most important aspects of this type of investment. When you invest in antique jewelry, make sure you don't try to clean it. Antique jewelry is worth more when you leave it in its current condition. You will often earn more from antique jewelry as opposed to bullion, which is a great benefit to this investment.

E-Gold

The newest method of investing in gold is with E-Gold, which is a type of digital gold currency. The way it works is you purchase gold, which is then stored in an online account. The gold you invest in can actually be used as payment or it can be redeemed as physical gold. Since this is a new form of investment, there tend to be more risks involved than the other methods of investing in gold. The benefit is that you don't have to store the physical gold on your possession and risk theft. On the downside, the transactions completed can't be reversed, and there are Internet-related risks like phishing and hacking.

Share